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OSI Geospatial announces $1.4 million contract in Australia
Vancouver, Canada - OSI Geospatial Inc. (TSX Venture: OSI) is pleased to announce that it has signed a $1.4 million contract
to support the OSI navigation and tactical system used fleet-wide within the Royal Australian Navy
(RAN). The contract makes provision for technical support as well as software upgrades for ECPINS-W
sub (Electronic Chart Precise Integrated Navigation System – Warship submarine). The agreement also
contains provisions for hardware support and maintenance for the ECPINS-W sub workstations installed
onboard the RAN fleet. The support contract for these systems, which is signed through L3
Communications, extends through October 31, 2013 and is expected to generate approximately $500,000
in annual revenue.
The RAN has been using OSI's systems since 2004 and is licensed to deploy the technology throughout
all defence organisations in the Commonwealth. Through L3 Communications in Australia, OSI has
supplied the navigation systems, including upgrades for the past seven years and is looking forward to
supporting this customer for many years to come.
"We are very pleased that the RAN continues to demonstrate its commitment to our technology and have
elected to further our relationship with L3", said Walter Purio, President and CEO. "The ongoing
confidence that the Australian Navy demonstrates in our company and its products paves the way for a
long and mutually beneficial relationship with one of our companies many top tier naval customers."
About OSI Geospatial
OSI Geospatial Inc. operates two distinct business units: Offshore Systems Ltd. (based in Vancouver,
British Columbia), a world-leading naval fleet supplier of integrated navigation and tactical solutions; and
CHI Systems, Inc. (based in Philadelphia, Pennsylvania), a leading-edge research, development, and
systems integration supplier of technology solutions for defense, aerospace, health, and bioscience
markets. OSI Geospatial systems and software are in use by military, government, and commercial
customers around the world. The Company is publicly traded on the TSX Venture Exchange. For
additional information please visit
www.osigeospatial.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This press release contains forward-looking statements and information that reflect the current view of
OSI Geospatial with respect to future events and financial performance. Any such forward-looking
statements are subject to risks and uncertainties and OSI Geospatial’s actual results of operations could
differ materially from historical results or current expectations. Additional information on these and other
potential factors that could affect OSI Geospatial’s financial results are detailed in disclosure documents
filed from time to time with the applicable Canadian securities regulatory authorities.
ECPINS and COP-IDS are registered trademarks of Offshore Systems Ltd., an OSI Geospatial company.
iGEN is a registered trademark of CHI Systems Inc., an OSI Geospatial company. Other company brand,
product and service names are for identification purposes only and may be either trademarks, service
marks or registered trademarks of their respective owners. Data subject to change without notice.
For more information:
Jim Girard
Vice-President, Finance and Secretary
+1 778-373-4600
+1 888 880 9797
+1 778-373-0027 (FAX)
invest@osigeospatial.com
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